Stories And Journals | Au Revoir - It's Been A Pleasure

6th May '21 by Gromley

16 comments 1119 reads

I’m probably being a little self-indulgent in writing this so I’ll keep it relatively short (a personal challenge for me).

As some of you know I have decided not to continue with Stockopedia at the current time and today is the last day of my subscription.

It’s going to be a bit of a wrench not just because I shall miss the excellent service provided by Ed and the team not withstanding my disagreements on the some of the direction of travel.

I shall also miss the “bulletin boards”, there are some great contributors here including some of my old virtual friends from the long-lost days of TMF and debate is almost exclusively conducted in a rational and logical fashion. I do think that in the last year or so there has been a bit of a tendency for group think, but maybe that’s not always a bad thing if the collective mind is so powerful.

There is every chance that I shall return to the fold at some point in the future, but it just does not make sense for me at this time.

I did though just want to leave one parting thought on why this may be the ideal time for me to take my (possibly temporary) leave of Stockopedia.

One of the big selling points of Stocko are the StockRanks, I am genuinely in awe of them. However, they are heavily reliant on the most recent 12 months figures (and for some measures a comparison to the previous 12 months). For any company adversely (or even positively) impacted by Covid-19 and lockdown; this becomes a bit of a lottery as to whether the company has reported pre-lockdown, lockdown or post lockdown results. I say this not to discredit the SRs but just to indicate that they may well give erratic performance over the next year or so.

This may be part of the reason that the StockRank performance bands have pretty much gone into reverse over the last year ( https://www.stockopedia.com/st... ) although I do also think that the explanation that “dumb money” is driving the market at this time has some merit too.

I am sure that the SRs will remain a valuable tool for those that use them as a starting point for further research, but I do think a degree of caution…

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dfs12

6th May '21

I will miss your comments. Whatever you're up to, I hope it goes well!

doug2500

A classy farewell, hope it's temporary.

Logical David

Adios Tony.

Hopefully you will return to Stocko at some point in the future, I enjoy reading your input.

Quick question: Do you look like the bloke in your profile picture?? ; - )

Phil Mc

Best Wishes Tony. I always enjoy reading your input and will miss it.

Caper4

Good luck Tony and hopefully we will see you on here next year . Thanks for your valuable contribution to the Forum

Rusty2

Hello Tony,

Sorry to hear you are leaving, your contributions will be sorely missed.

I nearly left last year but gave it another year.

Gromley

Thanks for the kind wishes folks - I won't be able to read too many more of them!

Quick question: Do you look like the bloke in your profile picture??

ha ha- good question. No I don't think I look like the bloke in my profile picture, but a bit like passport photos I am the bloke in my profile picture. Although I very rarely wear the Baden Powell lemon squeezer hat ;-)

gus 1065

Hopefuly au revoir rather than farewell. Don't undersell your contribution - it has been huge! Look forward to seeing you back in the fold in the near future.

Gus.

bryans1311

Don't tell anyone at Stocko... but you can still read the first couple of paragraphs and all comments even as a non-subscriber. I left for nearly a year and still read most SCVR comments daily. I returned last month though, and I hope you do too! All the best Tony!

Albertos

Take care and stay safe. Look forward to your return.

Always enjoyed your comments - whether I agreed with them or not - but that's the point of these boards.

Phil

DaviStoVest

Wishing you all the very best. I have greatly appreciated your contribution to the debate. High value!

turbo

7th May '21

Have an excellent holiday Tony

Look forward to hearing your exploits on your return :)

William K

Many thanks, Tony, for your advice and insights over the years. Will miss you. William

iwright7

Tony,
I am surprised that no one has put the counter argument as to why you should stay subscribed, so here goes:

Looking at the Stockrank (QVM) performance over the last 12 months I have to agree that it does look like someone has thrown a grenade into the ranking system with the lowest Stockrank deciles preforming better than the top deciles.

Looking back we have seen a “Dash for Trash” with COVID impacting (for good and ill) company results and a trend toward speculative investing. But this type of dash for trash has historically also been a prelude to a stockmarket rebound, so now could be exactly the wrong time to move away from a previously successful systematic investing approach.

I personally prefer a high rank QM Rank investing style which too has suffered a 12 month grenade effect, but I am sticking with it because it has served me particularly well in the past and I am confident that as the COVID dust settles, it will do so again. Indeed as the All Share Index has risen over the last few months I am feeling increasing more confident that investing normality is returning.

It goes without saying that I would find it very hard to adopt a high QM approach without a Stocko subscription, so my colours are nailed to the mast. Whichever you decide - Good hunting.

mojomogoz

Goodbye Gromley...you were good whilst you lasted ;)

Best wishes

The Phoenix

Echo the thoughts of the other posters you have always been one to give an educated view here over the years to nearly all questions posted by old hands and novice investors alike.

I remember once saying Ed and the team should have employed you for the role you played in picking up most of the questions on the bulletin boards shame they didn't as you will be missed hopefully you will be back after a sabatical.

Good health and wishes for the future.

Regards

Andy

Au Revoir - it's been a pleasure

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Gromley

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